FX.co ★ Trading idea for AUD/CAD and NZD/CAD

Today is a volatile day for the Canadian dollar. At 12:30 UTC, data on inflation will be released, and it will most likely affect market sentiment.

Considering this, investors should look closely at AUD / CAD and NZD / CAD currency pairs.

AUD / CAD:

NZD / CAD:

Both pairs have recently dropped from yearly highs, so it is ideal to build up buy orders every 500 pips. Such follows the so-called "Grid Trading" method.

Good luck!